LICHSGFIN Can be shorted for target of 650, 640 & 630. SL 670.
Jet Airways landed near strong support zone it may bounce from here above 563 can bought for target of 600. If continuing the falling wedge pattern it may fall till 515. Short can be initiated below 545.
There are 5 occasions since 2016 Bank of India has been saved by 200 DMA, Now 6th time it is standing at 200 DMA, will it work for this time too. Lets watch if bounces use for longs till 155.
SBI May give bounce from 200DMA support entry can be made above 282 for target of 295. SL 275.
Tata Motors looks weak now; as per pattern it may fall till 297 levels on coming months. It will fall till 360 level and can go for range bound between 360-390. If no range bound then there is no saviour till that support level.
DR Reddy Labs at critical support & 61.8% of monthly fib level; can we see some pull back. Posting this for only for educational purpose, no trade. As entire pharma outlook is bearish.
NCC has given Symmetrical triangle breakout, one can short for target of 77. SL 90.
TVSMOTOR Short for target of 550. SL 580.
Short CANBK for target of 310, 300 & 290. SL 335. high RR set up. Only who can manage risk can enter now. It may be achieved by September.
Short Arvind for target of 355, 350 & 340. SL 375.
One can buy SUNPHARMA for target of 470, 480 & 485. SL 450.
JD is buy once it is breaking and reversing the trend; can go long for 400.
HEXAWARE is buy on dips, today it gave breakout after long consolidation, one can wait for dips for longs. Target shall be 280 & 290.
MANAPPURAM Can be bought for target of 97 SL 88.
REPCOHOME has made morning star candle stick pattern on daily, one can buy for target of 735, 750 & 780. SL 680.
UJJIVAN has formed descending triangle on daily charts, one can buy above 330 for target of 340,350 & 360 SL. 325. Without breakout the pattern is failed.
Jet Airways can be shorted for target of 580, 570 & 565. SL 600.
ITC Shows some strength on daily chart, one can buy for target of 280, 290 & 295. May use if dipping towards 265. Stoploss shall be 255.